The IndusInd Bank on Monday reported a 5 per cent increase in net profit for the second quarter (Q2) of 2018-19.
Its net profit during the quarter under review rose to Rs 920 crore from Rs 880 crore reported for the corresponding period of last fiscal.
"Net profit for the quarter is Rs 920 crore as against Rs 880 crore in the corresponding quarter of the previous year, showing a growth of 5 per cent," the bank said in a statement.
"Net profit for the quarter excluding one-off contingent provision is Rs 1,096 crore, showing a growth of 25 per cent year on year."
The bank said that its net interest income (NII) for the said quarter grew by 21 per cent to Rs 2,203 crore from Rs 1,821 crore earned during the corresponding quarter of the previous year.
According to the lender, its net NPA (non-performing asset) as on September 30, 2018 was at 0.48 per cent as against 0.44 per cent on September 30, 2017.
--IANS
rv/nir
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app